| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | IO | |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes tothe Financial Statements | 8 | lo | t6 |
| Detailed Statement ofFinancial Activities | t7 | lo | t8 |
| maximising | overall returns based on an | approximate asset allocat |
|---|---|---|
| Rance | ||
| Fixed Interest | 15-25% | |
| UK Equities | 25-35% | |
| Overseas Equities | 30-40% | |
| Commercial | Property | 0-10% |
| Alternative | Assets | 5-15% |
| Cash | 0-5% |
| Fi | ||||||||
|---|---|---|---|---|---|---|---|---|
| Statement ofFinancial Activities | ||||||||
| forthe Year | Ended | 0June aoat | ||||||
| 2021 | 2020 | |||||||
| Unrestricted | Endowment | Total | Total | |||||
| funcs | fund | funds | funds | |||||
| Notes | 5 | f | ||||||
| INCOME AND ENDOWMENTS | FROM | |||||||
| Investment Properly Income |
148,216 | 148.216 | 153.525 | |||||
| Investment income |
95,564 | 95.564 | 93.598 | |||||
| Total | 243.780 | 243.780 | 247.123 | |||||
| EXPENDITURE ON | ||||||||
| Raising funds | 70.303 | 23.175 | 93478 | 76.788 | ||||
| Chaditable activities |
||||||||
| Religious Grants Medical |
39.000 79349 |
3g.ooo 79349 |
55.850 19157 |
|||||
| Ecucational/Sundry | 49.073 | 49073 | 51.332 | |||||
| Other | 51,020 | 51.020 | 34,231 | |||||
| Total | 288745 | 23.175 | 311.920 | 237.358 | ||||
| Net gains/(losses) | on investments | 646.755 | 046.755 | (106.78o) | ||||
| NET INCOME/IEXPENDITURE) | i44.965) | 623.580 | 578.615 | 197.015) | ||||
| RECONCILIATION OF FUNDS | ||||||||
| Total funds brought forward | 1052,699 | 5.815.616 | 6868.315 | 6965330 | ||||
| TOTAL FUNDS CARRIED FORWARD | 1007734 | 6.43g,196 | 7.446.930 | 6868.315 |
| 30 | June aoat |
||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Unrestricted | Endowment | Total | Total | ||
| funds | fund | fur ds | funds | ||
| Notes | 5 | E | |||
| FIXEDASSETS | |||||
| Investments | |||||
| Investmests | 10 | 905334 | 4.036.356 | 4,941.6go | 4.257.711 |
| Investmest property |
11 | 2.402.840 | 2.402.840 | 2.402.840 | |
| 905334 | 6439.196 | 7,3414,530 | 6.660,051 | ||
| CURRENTASSETS | |||||
| Debtors | 12 | 66,386 | 66.386 | 37.291 | |
| Cash at bank | 147.246 | 147.246 | 246.373 | ||
| 213.632 | 213.632 | 283,664 | |||
| CREDITORS | |||||
| Amcunts falling due within one year |
13 | (61232) | (61,232) | (43.400) | |
| NET CURRENT ASSETS | 152.400 | 152.400 | 240.264 | ||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 1.057734 | 6.439.1g6 | 7.496.g30 | 6.900.815 | |
| CREDITORS | |||||
| Amcunts railing duo after more than one year |
14 | (50.000) | (50,000) | (32.500) | |
| NETASSETS | 1.007.734 | 6439.196 | 7446.930 | 6.868.315 | |
| FUNDS | 1r5 | ||||
| Unrestricted funds |
1.007.734 | 1.052.6g9 | |||
| Endowment funds |
6,439,1g6 | 5.815.616 | |||
| TOTALFUNDS | 7.446.930 | 6868315 |
| forthe Year Ended oJ |
une 2oat |
|||
|---|---|---|---|---|
| INVESTMENT PROPERTY | INCOME | |||
| 2021 | 2020 | |||
| E | E | |||
| Doncaster property Worskop property |
16.g84 '109.835 |
16.985 102.743 |
||
| Sheffield property Other grounc rents 6wayleave |
204go 907 |
32890 907 |
||
| 148.216 | 153.525 | |||
| INVESTMENT INCOME | ||||
| 2021 | 2020 | |||
| E | E | |||
| Interest 8 dividends | 60.399 | 73436 | ||
| Shares in group undertakings | 35.154 | Zo 154 | ||
| Deposit account interest | 11 | 8 | ||
| 95.564 | 93.598 | |||
| RAISING FUNDS | ||||
| Investment management |
costs | |||
| 2021 | 2020 | |||
| E | ||||
| Portfolio management | 23,174 | 21.078 | ||
| Investment property expenses |
351 | 6.078 | ||
| Worksop property expenses | 61.810 | 35.378 | ||
| London road flats | 7.823 | 13934 | ||
| Other grouno rents | 320 | 320 | ||
| 93.478 | 76,788 | |||
| 5. | CHARITABLE ACTIVITIES | COSTS | ||
| Grant | ||||
| funding of | ||||
| activities | ||||
| E | ||||
| Rekgious Grants Medical |
3g.ooo 79349 |
|||
| Educational/Sundry | 49073 | |||
| 167.422 |
| Governance | ||||||
|---|---|---|---|---|---|---|
| Management | Finance | COS(S | Totals | |||
| E | E | E | ||||
| Other rr.sources oxpondod | 31.152 | 12 | tg.856 | 51.020 | ||
| TRUSTEES' REMUNERATION | AND BENEFITS | |||||
| 2021 | 2020 | |||||
| E | ||||||
| Trustees' | salaries | 4.4OB | 4,890 | |||
| Trustees | social security | 204 | ||||
| 4.612 | 4.890 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| NIL | NIL | ||||
| The only staff costs | paid in the | year were totrustees | |||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestnctec | Endowment | Tola. | |||
| funcs | fund | funds | |||
| E | E | ||||
| INCOME AND ENDOWMENTS | FROM | ||||
| Investment Property Income |
153,525 | 153.525 | |||
| Inveslmenl income |
93,598 | 93.598 | |||
| Total | 247123 | 247 123 | |||
| EXPENDITURE ON | |||||
| Raising funds | 55 710 | 21.078 | 76.788 | ||
| Charitable activities Religious Grants Medcal |
55850 1g157 |
55 850 19.157 |
|||
| Educational/Sundry | 51.332 | 51332 | |||
| Other | 34.231 | 34831 | |||
| Total | 216.280 | ?1,078 | 237.358 | ||
| Net gains/(losses) | on inveslments | (106.780 1 | (106.780) | ||
| NET INCOME/&EXPENDITURE) | 30.843 | (127.858) | (o7,015) |
| Notes tothe Financial Statements -continued forthe Year Ended oJune 2021 |
Notes tothe Financial Statements -continued forthe Year Ended oJune 2021 |
Notes tothe Financial Statements -continued forthe Year Ended oJune 2021 |
|||
|---|---|---|---|---|---|
| COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued | |||||
| Unrestrictec | Er.dowmenl | Total | |||
| Funds | fund | Fiends | |||
| E | E | ||||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward | 1.021,856 | 5.943.474 | 6,965,330 | ||
| TOTAL FUNDS CARRIED FORWARD | 1.052,6gg | 5.815.616 | 6.868.315 | ||
| to. | FIXEDASSET INVESTMENTS | ||||
| Shares in | Cash and | ||||
| gi'oup | settlements | ||||
| underlakings | pending | Totals | |||
| E | E | E | |||
| MARKET VALUE | |||||
| At 1July 2020 Additions |
1.32g.361 | 2.928.350 626,705 |
4257711 626.705 |
||
| Disposats | (68o.56o) | !680.56oi | |||
| Revaluations | 124.535 | 613.29g | 737.834 | ||
| At 30June 2021 | 1,453,896 | 3487,794 | 4,g41,6cio | ||
| NET BOOKVALUE | |||||
| Al 30June 2021 | 1453.896 | 3.487.794 | 4.g41.6gO | ||
| At 30Julia 2020 | 1.32g.361 | 2.928.350 | 4.257.711 |
| Sha es in | Cash and | ||||
|---|---|---|---|---|---|
| group | settiements | ||||
| un Iertakings | pending | Totals | |||
| E | E | ||||
| Valuation Cost |
in | 2O21 | 124535 1.329861 |
559444 2.g28,350 |
683.979 !I.257.711 |
| 1.453.8g6 | 3.48779!I | 4,g!I1.6go |
| FAIR VALUE | |
|---|---|
| At)July 2020 andzo une2021 |
2.402.Brio |
| NET BOOKVALUE | |
| At 3oJune 2021 | 2.402.840 |
| At 30June 2020 | 2,402.840 |
| DEBTORS:A | MOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 2021 | 2020 | ||
| F | F | ||
| Other debtors | 55,462 | 20.308 | |
| Rental Debtors | 8.8o3 | 14,863 | |
| prepayments | and accrued income | 2,121 | 2120 |
| 66.386 | 37.291 | ||
| CREDITORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2021 | popo | ||
| F | |||
| Grants payable | 61.z3z | 43.400 | |
| CREDITORS.' | AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||
| 2021 | 2020 | ||
| F. | F | ||
| Grants payable | 50.000 | 32.500 |
| MOVEMENT | IN FUNDS | ||||||
|---|---|---|---|---|---|---|---|
| Net | |||||||
| movement | At. | ||||||
| At 1.720 | in funds | 30.621 | |||||
| f | 5 | 5 | |||||
| Unrestricted | funds | ||||||
| Unrestncted | Income Fund | 1052.6gg | (44,g65) | 1.007.734 | |||
| Endowment | funds | ||||||
| Endourment | Fund | 5,815.616 | 6z3.580 | 6,439.1g6 | |||
| TOTAL FUNDS | 6868.315 | 578.615 | 7.446.930 | ||||
| Net movement in funds, included |
in the above | are as follows | |||||
| Incoming | Resources | Gains and | Movement | ||||
| resources | expended | losses | in funds | ||||
| 2 | f | 5 | 2 | ||||
| Unrestricted | funds | ||||||
| Unrestncted | Income Fund | 243,780 | (z88.745) | (44.965) | |||
| Endowment | funds | ||||||
| Endowment | Fund | (23.175) | 646755 | 623.580 | |||
| TOTALFUNDS | 243.780 | (311920) | 646./55 | 578.615 | |||
| Comparatives | formovement | in | funds | ||||
| Ne | |||||||
| movement | Al | ||||||
| At 1.7.1g | in funds | 306.20 | |||||
| f | 2 | r | |||||
| Unrestricted | funds | ||||||
| Unrestricted | Income Fund | 1.021.856 | 30.843 | L052,6gg | |||
| Endowment | funds | ||||||
| Endowment | Fund | 5.943.474 | (127858) | 5.816616 | |||
| TOTAL FUNDS | 6.965.330 | (97.015) | 6.868.315 | ||||
| Compai ative | net movemeni | in funds, ncluded | in the above are as follows | ||||
| Incoming | Resources | Gains and | Movement | ||||
| resources | expended | losses | in funds | ||||
| f | 8 | ||||||
| Unrestricted | funds | ||||||
| Unrestncted | Income Fund | 247.123 | (216.280) | 30.843 | |||
| Endowment | funds | ||||||
| Endowment | Fund | (zt078) | (106.780) | (1z7.858) | |||
| TOTAL FUNDS | 247 123 | (z37.358) | (106.780) | (g7.0 5) |
| A current. ye | ar tz months and pnor year tz mont | hs combined position isas follows' |
||
|---|---|---|---|---|
| Net | ||||
| move ment | At | |||
| AI1719 | in funds | 30.6zt | ||
| f | f | |||
| Unrestricted | funds | |||
| Unrestricted | Income Fund | 1.021.856 | ((4.122) | '1,00/./34 |
| Endowment | funds | |||
| Endowment | Fund | 5,943.474 | 495.722 | 6.439,196 |
| TOTAL FUNDS | 6,g65.330 | 48(,600 | 7.446.g30 |
| A current year tz months | A current year tz months | and prior year tz months | combined | net movement | in funds. included | in the above | are |
|---|---|---|---|---|---|---|---|
| as follows. | |||||||
| Incominc | Resources | Gains and | Movement | ||||
| resources r |
expended f |
losses f |
in funds f |
||||
| Unrestricted | funds | ||||||
| Unrestricted | Income FunrJ | 490,903 | (505.025) | (14.122) | |||
| Endowment | funds | ||||||
| Endowmenl | Fund | (4(4.253) | 539.975 | 495.722 | |||
| TOTALFUNDS | 4oo903 | (549278) | 539.975 | 481.600 |
| Movement | in recognised grani |
commitmenls | durinc lhe year | |||
|---|---|---|---|---|---|---|
| Chantable | Commitments | Accrued | ||||
| Grant comm tments recognised | at start ofyear | E65.000 | ||||
| New grant | commitments charged to SOFA in |
year (see note 5) | E167,422 | |||
| Grants paid Amcunt of |
during lhe year grant commitments |
recognised as | at 30th June 2021 | (Etzg,gzz) E102.500 |
| primarily to provide an in | vestment re(urn |
for the charity | |||
|---|---|---|---|---|---|
| Subsidiary Undertaking |
Class ofshare | Proportion held | |||
| Harry Bottom (Holdings) | Ltd | 75%Cum Pref | Shares off1each | too% | |
| 16-18Station Road Chapeltown |
Ordinary Ordinary |
shares of SOp each shares of Eteach |
100% 100% |
||
| Sheffield | |||||
| 535 2XH | |||||
| Year-end | Year-end | ||||
| 30/06/21 | 3o/o6/zo | ||||
| Turnover | 30.511 | 38.361 | |||
| Administrative exper, ses |
(35.188) | 4.090 | |||
| Operating income |
36.770 | (16g.)78) | |||
| Loss on disposal | 9,933 | 40312 | |||
| Profit (Loss) for finical year | 142,026 | (77415) | |||
| Assets | 1693745 | 1353130 | |||
| Liabilities Capital 8Reserves |
(gg 391,) 1.394354 |
(65.648) ).z87.48z |
| The Har Bottom Charita |
bte Trust |
||||
|---|---|---|---|---|---|
| Detailed Statement ofFinancial Activities | |||||
| forthe Year Ended | oJune2021 | ||||
| 2021 | 2020 | ||||
| 2 | f | ||||
| INCOME AND ENDOWMENTS | |||||
| Investment Property Income Doncastor propei ty Worskop property Sheffietd property Other ground rents &wayleave |
16,984 109.835 20,490 907 |
16.985 102.743 32..890 907 |
|||
| 148.216 | 153.525 | ||||
| Investment income Interest 8 dividends Shares in group undertakings Deposit account intorosl |
60.399 35.154 11 |
73436 20.154 8 |
|||
| 95.564 | 93.598 | ||||
| Total incoming resources | 243.780 | 247,123 | |||
| EXPENDITURE | |||||
| Investment management costs Portfolio management. Investment property expenses Worl&sop property expenses London roan flats Other ground rents |
23.174 351 61,810 7.823 320 |
21078 6.078 35.378 13934 320 |
|||
| 93.478 | 76.788 | ||||
| Charitable activities Grants to institutions |
167422 | 126339 | |||
| Support costs | |||||
| Management Charity admin fees |
31.152 | 16.731 | |||
| Finance | |||||
| Bank charges | 12 | 12 | |||
| Governance costs Trustees' salaries |
l,.408 | 4,890 | |||
| Trustees' sociai security Independent examiner Insurance Accountancy and legal |
fees | 204 2xoo 4790 8.054 |
2.000 4.144 6.454 |
||
| 19.856 | 17.488 | ||||
| otal resources expended | 311.920 | 237.358 | |||
| Net (expenditure&/income losses |
before | gains and | i68140) | 9.765 |
| The Har Bottom Ch |
aritable Trust | ||||
|---|---|---|---|---|---|
| Detailed Statement of | Financial Activities | ||||
| forthe Year Ended | 0June aoat | ||||
| 2021 | 2020 | ||||
| Realised recognised | gains and losses | 5 | |||
| Reatsed gains/(losses) | on fixed asset | ||||
| inveslinents Realised gains/(losses) |
on investment | properly | on6.755 | (106.780) | |
| Net income/&expenditure) | 578,615 | (g7.015) |